Share to Twitter Share to Linkedin Neiman Marcus filed for C hapter 11 bankruptcy protection last week, and a lot of the blame was (rightly) put on the upscale retailer’s massive debt load though the Coronavirus was cited as the cause as well. But, another issue must be raised: Neiman Marcus long struggled to attract millennial and Gen Z consumers. Courting these two groups is key to any longstanding retailer’s existence. So how exactly did the Dallas-based retailer—more synonymous with lifestyle excess than today’s “woke” generation—fall short? Beth Goldstein, an industry analyst at the NPD Group, says Neiman Marcus isn’t alone. “Most department stores today have this challenge, especially at the high-end. Gen Z and Millennials are driven to specialty retailers and direct-to-consumer channels, both in-store and online,” she says, adding, “New brands born online offer great stories about function, sustainability, and convenience which captured their … [Read more...] about Neiman Marcus Needs To Court The Millennial And Gen Z Customer. Can It Succeed?
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Share to Twitter Share to Linkedin As the U.S. deals with a baby formula shortage, actress and author Bette Midler posted a tweet that led to a bit of a feeding frenzy on Twitter. On Thursday, Midler tweeted, “TRY BREASTFEEEDING! It’s free and available on demand,” in response to a holy oligopoly, Batman-tweet from Stephanie Ruhle, the host of The 11th Hour and a Senior Business Analyst for NBC News : Midler’s tweet certainly didn’t go unnoticed on the Twittersphere and got quite a response, as in thousands of responses. One potential reason for the attention is that Midler is quite well-known for things ranging from singing “The Rose” and “Wind Beneath My Wings” to acting in movies such as Ruthless People and Beaches to advocating for LGBTQ+ rights. When a celebrity tweets anything, even if it’s about farting or art or both, it’s rare that no reaction will occur. But another reason was probably the specific wording of Midler’s tweet and the fact … [Read more...] about Bette Midler Tweets ‘Try Breastfeeding, It’s Free,’ Amidst Baby Formula Shortage, Here’s The Reaction
Perak Menteri Besar Datuk Seri Saarani Mohamad - A + A IPOH (May 16): The Perak state government has received the proposal for the construction of a highway from Gopeng to Kuala Kangsar to bypass Menora Tunnel on the North-South Expressway to reduce the rate of accidents in the state. Perak Menteri Besar Datuk Seri Saarani Mohamad said the state government supports the project of the private sector involving a route through Gopeng exit to Siputeh linked to Kuala Kangsar over a distance of 64 kilometres, has also received the green light of the Cabinet. "The distance through this road is slightly longer but it would take less time without going through the hill. The state government supports the proposal as it is under private finance initiative (PFI) and would not be using government funds. “In one year, the company has succeeded in meeting the Public Works Department and the Public Private Partnership Unit (UKAS) for further discussions. “The company has … [Read more...] about New route bypassing Menora Tunnel to reduce risk of accidents
As the world’s need for large amounts of portable energy grows at an ever-increasing pace , many innovators have sought to replace current battery technology with something better. advertisement Italian physicist Alessandro Volta tapped into fundamental electrochemical principles when he invented the first battery in 1800. Essentially, the physical joining of two different materials, usually metals, generates a chemical reaction that results in the flow of electrons from one material to the other. That stream of electrons represents portable energy that can be harnessed to generate power . The first materials people employed to make batteries were copper and zinc. Today’s best batteries – those that produce the highest electrical output in the smallest possible size – pair the metal lithium with one of several different metallic compounds. There have been steady improvements over the centuries, but modern batteries rely on the same strategy as that of Volta: … [Read more...] about How electric eels inspired the first battery two centuries ago
Share to Twitter Share to Linkedin Topline Senate Minority Leader Mitch McConnell (R-Ky.) led a delegation of Republican senators to Kyiv to meet with Ukrainian President Volodymyr Zelensky on Saturday, making them the latest group of lawmakers to secretly travel to the embattled country as the Senate works to pass a nearly $40 billion aid package. Key Facts McConnell was joined by Sens. John Barrasso (R-Wyo.), John Cornyn (R-Texas) and Susan Collins (R-Maine). Zelensky said in a statement the visit was a “powerful signal of bipartisan support,” and he thanked the U.S. for their strong sanctions, specifically banning Russian oil imports and the suspension of trade with Russia and Belarus. Zelensky said he looked forward to additional sanctions from the U.S., and he urged lawmakers to declare Russia a state sponsor of terrorism. Sens. Lindsey Graham (R-S.C.) and Richard Blumenthal (D-Conn.) introduced a resolution earlier this week, … [Read more...] about McConnell Makes Secret Trip To Ukraine With Delegation Of Republican Senators
Share to Twitter Share to Linkedin Whether you’re a manager at a company with 3,000 employees or three, something that leaders across industries have learned in the past two years is that giving employees more flexibility is key to retention and recruiting of new hires. The pandemic forced the majority (~70%) of the US workforce to adapt in a plethora of different ways to keep everyone healthy while still continuing to work efficiently. Companies that previously had 0% of their employees working remotely had to figure out how to seamlessly transfer all operations to a 100% digital environment. While obviously a ton of bad things came from the pandemic, that’s not to say there weren’t learnings and lessons discovered across the board. The reality is that more talent in every part of the country, and the world, now has access to greater opportunities because of the increased normalization of remote work. Gone are the days where you have to live in San Francisco … [Read more...] about 30 Executives’ Perspectives On Remote, Hybrid, And In-Office Work
Share to Twitter Share to Linkedin Stores must understand the mood of today’s shopper in order to be successful. The mood has changed significantly in recent times, and retailers must evaluate how to shift shopping back to stores. It is more complicated than just trying to compete with the internet; the ‘does she still want to shop online’, or ‘does she want to go to a store?’ is only part of the challenge. The consumer’s urge to get out of the house is evident, and that provides an immediate opportunity for stores to find ways to tap into. For instance, shoppers for fashion often want to try on clothes and chose the right color, right fabric and have an assurance that it fits, and stores are set up to do that conveniently. In contrast, during the pandemic I am told that many customers forced to shop online bought two (or three) sizes to insure the proper fit. The rest were returned for credit. That process has hassles that an in-store shopper can avoid. … [Read more...] about Will Stores Be Successful During Inflation?